A forecaster is assessing two different models for demand.The output from each model and the actual demand data appear in the table.Use MAD and a tracking signal to compare the two models.Which model does a better job of forecasting?
Definitions:
Seniority
The concept of prioritizing employees for benefits, promotions, or layoffs based on their length of service or tenure with an organization.
Less Competent Employees
Workers who possess lower levels of skill, knowledge, or ability compared to the expected standard or their peers.
More Competent Employees
Workers who possess greater skills, knowledge, and ability to perform their job effectively compared to others.
Succession Planning
The process of identifying and developing new leaders who can replace old leaders when they leave, retire or pass away.
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